Ahead of Canada’s budget 2021, reports of big corporations unethically benefitting from the Canada Emergency Wage Subsidy (CEWS), one of government’s flagship pandemic-relief schemes, are doing the rounds. That the funds allocated by the federal government, with a view to share the wage burden of employers during periods of extended lockdowns, went into dividend payouts and executive pay hikes is making headlines.
The subsidy scheme’s primary aim is to indirectly support wage-earners by subsidizing wage costs of companies they are employed with. The COVID pandemic-induced lockdowns dealt a huge blow to revenues. The firms in export sector, too, weren’t spared given the worldwide adverse impact on business operations.